The top one is to help with the second question ....Please help:(

Carla and Kyle have each just graduated from Cincinnati State with an Associate's Degree in Nursing. They have both been hired into entry level positions with a local hospital. Their starting salaries and benefits are the same. Some of their financial decisions are different, however, and there are long term consequences for those decisions. The Early Years Carla Her annual salary is $51,000. What is her monthly His annual salary is $51,000. What is his monthly gross pay? (gross means before taxes and other gross pay? (gross means before taxes and other deductions) deductions) 1. $51,000 / 12 $51,000 / 12 = $4,250 = $4,250 Kyle Carla invests 10% of her monthly gross pay (Q1) into Kyle isn't worried about saving for retirement yet, so the company retirement plan. What is her retirement he doesn't invest anything. investment every month? 2. $4,250 x 10% $0 = $425 Carla pays less in taxes than Kyle because the money Kyle's entire monthly gross pay (Q1) is taxed at a 20% she puts into her retirement account is not taxed. Her rate since he does not invest for retirement. How remaining monthly pay is taxed at a 20% rate. much are his taxes every month? Subtract Carla's retirement investment (02) from her monthly gross pay (Q1) to calculate her remaining monthly pay. Then calculate 20% of her remaining monthly pay. How much are her taxes every month? 3. ($4,250 - $425) x 20% ($4,250 - $0) 20% = $765 = $850 4. Carla's monthly health and dental insurance Kyle's monthly health and dental insurance $350 $350 Calculate Carla's monthly net pay (the actual value of Calculate Kyle's monthly net pay (the actual value of her paycheck) by subtracting the amounts in 02, 03, his paycheck) by subtracting the amounts in 02, 03, and Q4 from her gross monthly pay in Q1. and Q4 from his gross monthly pay in Q1. 5. $4,250 x $425 - $765 - 350 $4,250 - $0 - $850 - $350 = $2,710 = $3,050 Carla packs her lunch, makes her own coffee, and generally tries to live cheaply. Kyle eats lunch out most days, buys coffee from a coffee shop, and generally doesn't worry as long as he has money in the bank. Let's see how those spending habits develop when they buy cars and pay back their student loans Car Loans Carla Kyle Carla borrows $15,000 to buy a used sedan. She gets a Kyle borrows $40,000 to buy a new sports car. He 5.5% APR loan which she plans to pay off in 4 years. gets a 4.7% APR loan which he plans to pay off in 6 What is her monthly car payment? years. What is his monthly car payment? *FYI: New car loans usually have a lower APR than used car loans. Carla's other monthly car expenses (insurance, Kyle's other monthly car expenses (insurance, maintenance, gas) maintenance, gas) (Expensive car = higher insurance!) 7. $200 $300 Carla's total car expenses (monthly payment, Q6, plus Kyle's total car expenses (monthly payment, Q6, plus other car expenses, 07) are what percentage of her other car expenses, Q7) are what percentage of his monthly gross pay (21)? Round the percentage to one monthly gross pay (21)? Round the percentage to Sadecimal place one decimal place Experts recommend that a maximum of 20% of monthly gross pay be spent on car expenses. Is Carla 8b. satisfying the recommendation? Write "Yes" or "No". Experts recommend that a maximum of 20% of monthly gross pay be spent on car expenses. Is Kyle satisfying the recommendation? Write "Yes" or "No". Referring only to Carla's monthly car payment from 26 Referring only to Kyle's monthly car payments from (not other car expenses), how much will she pay 06 (not other car expenses), how much will he pay altogether for her car over the entire loan term? altogether for his car over the entire loan term? How many dollars of interest does Carla pay over the How many dollars of interest does Kyle pay over the life of her car loan? life of his car loan? 10. Write a complete sentence that identifies which person pays the smaller amount for interest on their car loan and how many dollars less that person pays altogether than the other person. 11